What currency should I use in Equatorial Guinea?

Cash is king in Equatorial Guinea. Make sure you have plenty of foreign currency to exchange for large purchases such as airline tickets. Equatorial Guinea is a part of the French Monetary Area, and the Bank of Central African States (Banque des Etats de l’Afrique Centrale) issues currency called the Communaute Financiere Africaine franc, which is abbreviated XAF or CFA.

ATMs can be found at all banks in Malabo and Bata, but not elsewhere. They often don't work, only take Visa cards and only give small amounts (usually no more than CFA100,000 per day), meaning frequent trips to the bank. Note that many ATMs start to run dry from Thursday evenings in anticipation of the weekend. This is particularly noticeable towards the end of the month. You can change euros or US dollars at banks in most towns or bureaux de change such as Pecunia Express that has branches in both Malabo and Bata.

Credit cards can only be used in top-end hotels and restaurants. Local airlines and car-hire agencies do not generally accept credit cards. You cannot withdraw cash over the counter in banks using your credit card.

Getting around in Equatorial Guinea.

Malabo International Airport lies 9km west of the city centre.. In the main building, there is a cafe, a bank that is only open during banking hours, and an ATM that often does not accept cards. It's worth having euros or dollars in small denominations if you are unable to withdraw cash and have to pay for a taxi in foreign currency.

Roads are excellent in Equatorial Guinea. There are tolls on all roads outside of the cities that cost CFA500 per vehicle. Car hire is expensive: expect to pay at least CFA70,000 per day, and there's a hefty deposit of around CFA250,000.In towns and cities, there are plenty of shared taxis to hail for short journeys. They are usually white with a coloured stripe along the side. They will hoot if they're free, and if they are not going in your direction, will simply drive away. There is no railway in Equatorial Guinea.

Travel money for Equatorial Guinea

Save money and time by Ordering your Central African Franc online from Travelex, you get better rates and can pick
up the XAF cash locally or even on travel day at the airport.

Another popular option is to
use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate,
but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to
Pay in Central African Franc otherwise you may get much worst exchange rates.

Equatorial Guinea Trip Checklist

Sending money to Equatorial Guinea

When searching around for information on how to get a good exchange rate when sending money to Equatorial Guinea you need to start with finding out the latest
Central African Franc foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much
you can save (we make that calculation easy here).

Get a better deal for foreign transfers to Equatorial Guinea

When sending money to Equatorial Guinea it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers.
To get a better deal you should follow these 4 simple steps :

Open an account with a BER reviewed FX provider (id docs may be required)

You specify the local or Central African Franc amount you want to transfer

Make a local currency domestic transfer for the requested amount to the provider's bank account in your country

Once your funds are received by the provider the converted XAF amount will be transfered to the recipient account you specify in Equatorial Guinea.

Use our Send to XAF calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more -
end result is more Central African Franc deposited into the recipient bank account and less margins and fees kept by the banks!

The foreign exchange rates and products compared on this page and website are chosen from a range of products that bestexchangerates.com (BER) has access to and are not
representative of all the products available in the market. The use of terms "Best" and "Top" are not product ratings and are subject to our disclaimer.
You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.
We may receive referral fees in relation to your activity on the BER website however this doesn't affect the exchange rates or fees you are charged.